BREAKING NEWS

BREAKING NEWS

EU's Moscovici says French, Italian budget situations not comparable

EU's Moscovici says French, Italian budget situations not comparable
@ Copyright :
YVES HERMAN(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) - Italy has violated European Union budget criteria for years, European Economic Commissioner Pierre Moscovici said on Wednesday, adding that the French and Italian budget situations were not comparable.

France will overshoot the EU's budget deficit ceiling next year without deeper spending cuts after President Emmanuel Macron caved in to anti-government protests.

(Reporting by Hans Seidenstuecker; Writing by Paul Carrel; Editing by Michelle Martin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.